WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in Portland, Maine.
IPO Year:
Exchange: NYSE
Website: wexinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/17/2025 | Hold | Deutsche Bank | |
| 5/15/2025 | Perform | Oppenheimer | |
| 2/6/2025 | Outperform → Mkt Perform | William Blair | |
| 2/6/2025 | Buy → Neutral | BofA Securities | |
| 1/14/2025 | $260.00 → $190.00 | Buy → Neutral | Citigroup |
| 12/17/2024 | $207.00 → $200.00 | Overweight → Equal Weight | Barclays |
| 10/28/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/5/2024 | $200.00 | Equal Weight | Wells Fargo |
| 10/20/2023 | $210.00 | Neutral | UBS |
| 10/17/2023 | $240.00 | Peer Perform → Outperform | Wolfe Research |
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4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4/A - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
8-K - WEX Inc. (0001309108) (Filer)
8-K - WEX Inc. (0001309108) (Filer)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
SCHEDULE 13G/A - WEX Inc. (0001309108) (Subject)
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Drivers can purchase fuel and vehicle-related products or services anywhere WEX and Mastercard® are accepted WEX® (NYSE:WEX), the global commerce platform that simplifies the business of running a business, announced a new partnership with energy leader bp to provide fleet drivers access to fuel savings through the earnify™fleet fuel card program in the U.S. Moving forward, earnify™fleet cards can be used for fuel and vehicle-related purchases at merchants that accept WEX and Mastercard® with on-going fuel rebates available at over 8,000 stations across the bp family of brands. Designed for small businesses and large fleets, this partnership will expand the program's valuable fuel rebates
Q2 GAAP net income was $1.98 per diluted share; Q2 adjusted net income was $3.95 per diluted share Q2 GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2025. "We delivered stronger financial results than anticipated in the second quarter with adjusted EPS exceeding guidance and revenue coming in at the top end of our guidance. Our ability to win top-tier customers underscores the compelling value of our solutions and the strength of our business. As we continue to execute against our stra
New technology improves speed and efficiency of the claims reimbursement process, giving time back to both consumers and HR teams Today, WEX (NYSE:WEX) announced the launch of a new intelligent claims tool that helps people get reimbursed from their flexible spending accounts (FSAs) faster and more easily. For HR teams looking to make the FSA reimbursement process easier for their employees, this new AI-powered tool will take the guesswork out of submitting a claim by making sure documentation is complete, accurate, and easy to verify, right at the time of submission. Boasting more than 97% precision in determining the correct reimbursement amount for valid claims during the claims pr
Results will be released after market hours on July 23; Conference call scheduled for July 24 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2025 financial results in a release to be issued on Wednesday, July 23, 2025, after market close. The press release and WEX's supplemental materials packet—which include a summary and discussion of our second quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, July 24, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President,
Believes Significant Number of Votes Against Directors Jack VanWoerkom, Melissa Smith, and James Neary Demonstrate a Crisis of Confidence Among Company's Shareholders Announces Intention to Nominate At Least Four Director Nominees at 2026 Annual Meeting Unless WEX Reverses Pattern of Underperformance and Unconstructive Engagement Impactive Capital, LP, ("Impactive" or "we") together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX) (the "Company" or "WEX") with an ownership interest of approximately 7.0%, today commented on the results of the Company's 2025 annual meeting of stockholders (the "annual meeting"). Impactive previously disclosed its intention to vot
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, at approximately 4:20 PM ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com, or through the link here. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 30 days. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the business of running a business. WEX
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the Barclays 15th Annual Emerging Payments & Fintech Forum on Tuesday, May 20, 2025, at approximately 12:40 p.m. ET. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com, or through the link here. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 90 days. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the business of running a business. WEX has
Plans to Vote Against Jack VanWoerkom, Melissa Smith, and James Neary Confident Company can Deliver Value to All Stakeholders with the Right Leadership and Strategy NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Impactive Capital, LP, together with its affiliates, one of the largest shareholders of WEX Inc. (NYSE:WEX) (the "Company") with an ownership interest of approximately 7.0% today issued an open letter to the Company's shareholders. The full text of the letter is set forth below: Dear Fellow Shareholders, Impactive Capital LP (together with its affiliates, "Impactive" or "we") is a large and longstanding shareholder of WEX Inc. ("WEX" or the "Company"), beneficially owning approxim
Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% $790 million spent on share repurchases in Q1, reducing share count by approximately 13.1% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2025. "I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial p
WEX fleet services now offers a EV charging and payment solution across depot, public, and at-home sites WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the introduction of WEX EV Depot. This new feature enables simple, secure, and frictionless charging at private chargers when using the WEX Fleet Card. The newest addition to WEX's comprehensive charging platform - including the existing public charging 'En Route' and ‘At-Home' solutions - makes it the first fleet management business in North America to offer electric vehicle (EV) charging payments across depot, public, and at-home charging locations. "As fleet managers shif
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
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Deutsche Bank resumed coverage of WEX with a rating of Hold
Oppenheimer initiated coverage of WEX with a rating of Perform
William Blair downgraded WEX from Outperform to Mkt Perform
Citigroup downgraded WEX from Buy to Neutral and set a new price target of $190.00 from $260.00 previously
Barclays downgraded WEX from Overweight to Equal Weight and set a new price target of $200.00 from $207.00 previously
Wolfe Research downgraded WEX from Outperform to Peer Perform
Wells Fargo initiated coverage of WEX with a rating of Equal Weight and set a new price target of $200.00
UBS resumed coverage of WEX with a rating of Neutral and set a new price target of $210.00
Wolfe Research upgraded WEX from Peer Perform to Outperform and set a new price target of $240.00
Live Leadership Updates
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technology Officer (CTO). In this position, Mr. Dhawan will lead WEX's global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT, and technology-risk management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212875342/en/(Photo: Business Wire) "Sachin is a career technologist with decades of global experience articulating and
Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ:WEX), a leading global benefits company. Previously, she was senior vice president at WageWorks, leading the organization's health plan partner channel business. Earlier in her career, she held seni
Veteran WEX officer to take on additional strategic duties WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and external communications. "As we outlined at our Investor Day in March, WEX has a strong history of evolution, and today's announcement represents our commitment to further streamlini
Appointment effective May 25, 2022 WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Jagtar Narula has been appointed Chief Financial Officer (CFO), effective May 25, 2022. "Jagtar has proven strategic and financial experience leading innovative technology companies," said Melissa Smith, WEX's Chair and Chief Executive Officer. "His strong track record of successfully executing and integrating acquisitions, driving thoughtful growth through effective capital allocation, and building strong finance organizations in technology companies complements our existing leadership team and positions us well for continued profitable
Live finance-specific insights
Q2 GAAP net income was $1.98 per diluted share; Q2 adjusted net income was $3.95 per diluted share Q2 GAAP operating income margin of 23.8% and adjusted operating income margin of 36.8% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2025. "We delivered stronger financial results than anticipated in the second quarter with adjusted EPS exceeding guidance and revenue coming in at the top end of our guidance. Our ability to win top-tier customers underscores the compelling value of our solutions and the strength of our business. As we continue to execute against our stra
Results will be released after market hours on July 23; Conference call scheduled for July 24 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2025 financial results in a release to be issued on Wednesday, July 23, 2025, after market close. The press release and WEX's supplemental materials packet—which include a summary and discussion of our second quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, July 24, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President,
Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7% $790 million spent on share repurchases in Q1, reducing share count by approximately 13.1% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2025. "I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial p
Results will be released April 30; Conference call scheduled for May 1 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The press release and WEX's supplemental materials packet—which includes a summary and discussion of our first quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, May 1, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financial Officer, wi
WEX Acquires 4,870,130 Shares at $154.00 Per Share WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the final results of its modified "Dutch auction" tender offer, which expired at one minute after 11:59 p.m., New York City time, on Tuesday, March 25, 2025. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 4,891,736 shares of WEX's common stock, par value $0.01 per share (each share of WEX's common stock, a "Share," and collectively, the "Shares"), were validly tendered and not validly withdrawn at or below the final purchase price of $154.00 per Share. In accordanc
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will host a conference call moderated by David Koning of Baird on Friday, March 14, 2025, at 9:00 a.m. ET. There will be an opportunity for investors to ask questions of management. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up to 14 days. About WEX WEX (NYSE:WEX) is the global commerce platform that simplifies the
WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, and Chief Financial Officer, Jagtar Narula, will host a conference call moderated by Sanjay Sakhrani of Keefe, Bruyette & Woods, Inc. (KBW) on Friday, February 28, 2025, at 11:00 a.m. ET. There will be an opportunity for investors to ask questions of the management team. A webcast of the presentation will be available live on the Investor Relations section of the Company's website, www.wexinc.com. For those unable to listen to the live webcast, an audio replay will also be available on the Company's website for up
Q4 revenue decreased 4% year-over-year to $637 million; full year revenue increased 3% to $2.63 billion Q4 GAAP net income was $1.60 per diluted share; Q4 adjusted net income was $3.57 per diluted share Q4 GAAP operating income margin of 24.7%; Q4 adjusted operating income margin of 37.9% WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024. "As we enter 2025, we believe that our targeted investments in product innovation and sales expansion will set the stage for WEX's long-term success," said Melissa Smith, WEX's Chair, Chief Executive Officer, and Pre
Results will be released February 5; Conference call scheduled for February 6 WEX Inc. (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The press release and WEX's newly-introduced supplemental materials packet—which includes a summary and discussion of our fourth quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com. On Thursday, February 6, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and
Q3 revenue increased 2% year-over-year to a third quarter record $665 million, driven by 9% growth in the Benefits segment and continued progression in Mobility segment growth rate Q3 GAAP net income was $2.52 per diluted share; Q3 adjusted net income was $4.35 per diluted share Q3 GAAP operating income margin of 29.5% and adjusted operating income margin of 44.0% $370 million spent on share repurchases in Q3, including a $300 million accelerated share repurchase agreement WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2024. "We continued to deliver growth and str
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SC 13G/A - WEX Inc. (0001309108) (Subject)
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SC 13G/A - WEX Inc. (0001309108) (Subject)
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